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Egypt to bid for wind and solar power projects in 2018Visits : 129

2017/11/14

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The head of the new and renewable energy authority, the Egyptian
Ministry of Electricity, said that the Authority is planning to bid for
wind power and solar power projects with a capacity of 400 megawatts in
2018.

Mohammed Al-Khayyat told Al-Borsa newspaper that the agency has
contracted with a consultant for the construction of a 20 megawatt solar
power station financed by the Japanese Cooperation Agency (JICA).

He explained that the Authority intends to submit the tender for the
project to the Arab and international companies in May 2018, and that
the booklet of conditions are ready in February.

On
Oct. 29, 2017, the Ministers of Electricity, Investment and
International Cooperation signed agreements with 13 companies to invest $
863 million in solar projects in Penban, Aswan, provided that the IFC
provides about 75.6% of the project investment expenditure.